Consumer Alert: Mortgage Penalties

Posted by Richard Kitts on Wed, Mar 30, 2016 @03:25 PM

This is not a CIBC exclusive, all Retail Banks have a similar clause. 

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, mortgage broker KW, mortgage penalties

Three ways to pay off your mortgage faster

Posted by Richard Kitts on Mon, Mar 28, 2016 @11:30 AM

Things like traffic, work and dirty dishes can seem to go on forever; your mortgage doesn’t have to.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, mortgage broker KW, paying down mortgage, principal & interest

TAX SEASON Tax season 2016: 10 myths that mislead Canadians

Posted by Richard Kitts on Wed, Mar 23, 2016 @09:50 AM

Misinformation and misunderstandings abound when it comes to our tax system

A certain amount of folklore has developed over the years around the income tax system and the filing of tax returns. But many of those age-old perceptions are no longer accurate.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, mortgage broker KW, income tax

Stock markets, dollar soar after U.S. Federal Reserve announcement

Posted by Richard Kitts on Thu, Mar 17, 2016 @01:00 PM

TORONTO -- A dovish tone in the latest statement from the U.S. Federal Reserve sent Toronto and New York stock markets higher Wednesday, as the central bank decided to hold its key interest rate unchanged amid an uncertain global economy.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, interest rates, The Mortgage Centre, Canadian Dollar, mortgage broker KW, U.S. economy, TSE, Wall Street, stock market

How to cut your U.S. dollar exchange costs: Mayers

Posted by Richard Kitts on Mon, Mar 14, 2016 @11:56 AM

I have not tried this service myself, but looks like a way to save some money for a trip to the US.  Let me know if you decide to use this service, I would be interested to see how it turns out.  You can email me at rkitts@mortgagecentrekw.com.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, interest rates, The Mortgage Centre, mortgage broker KW, foreign currency, currency exchange program, Knightsbridge Foreign Exchange

What a $1 million home looks like in Canada this week

Posted by Richard Kitts on Fri, Mar 11, 2016 @10:31 AM

Choose where you want to call home. With $1 million, you can invest in your perfect property, in whichever Canadian province your heart desires. What that home looks like, however, will vary greatly depending on where you look. Here’s what’s on the market for $1 million this week.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, mortgage broker KW, housing market

Bank of Canada keeps key interest rate at 0.5%

Posted by Richard Kitts on Thu, Mar 10, 2016 @01:11 PM

Central bank cut lending rate twice in 2015 to stimulate the economy

The Bank of Canada kept its benchmark interest rate unchanged as expected today, as the central bank will wait and see what Ottawa plans to spend on stimulating the economy in its forthcoming federal budget before taking any further action..

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, stephen poloz, Bank of Canada, The Mortgage Centre, interest rate, mortgage broker KW, Canadian economy, federal budget

Canadians getting lured onto 'auto-debt treadmill': consumer watchdog

Posted by Richard Kitts on Thu, Mar 10, 2016 @10:55 AM

TORONTO (Reuters) - Canadians may be purchasing cars they cannot afford, having been lured onto an "auto-debt treadmill" by offers of long-term loans with lower monthly repayments but higher overall interest, the federal consumer watchdog warned on Tuesday.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, mortgage broker KW, Canadian economy, consumer, FCAC, Auto Industry, Auto Finance Market

Pay down the mortgage or invest?

Posted by Richard Kitts on Wed, Mar 09, 2016 @01:02 PM

Everyone has a comfort level when it comes to investing, however, most people would like to achieve Mortgage Free as soon as possible.   Unfortunately, many consumers do not have  a plan in place and will not realize a goal of most consumers.   The Mortgage Centre Waterloo / Kitchener offers a personalized plan that tracks your success and builds your equity quickly.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, TFSA, mortgage, mortgage broker KW, investment, savings

Tax tool you may be able to use

Posted by Richard Kitts on Wed, Mar 09, 2016 @10:12 AM

It’s everyone’s favourite time of year.. TAX TIME!!!

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Tags: The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, The Mortgage Centre, mortgage broker KW, taxes